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New York Times-A has the Highest Forward P/E Ratio in the Publishing Industry (NYT, NWS, NWSA, SCHL, NEWM)

By Shiri Gupta

Below are the three companies in the Publishing industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.

New York Times-A ranks highest with a a forward P/E ratio of 31.77. News Corp-Cl B is next with a a forward P/E ratio of 25.52. News Corp-Cl A ranks third highest with a a forward P/E ratio of 24.94.

Scholastic Corp follows with a a forward P/E ratio of 22.70, and New Media Invest rounds out the top five with a a forward P/E ratio of 15.21.

SmarTrend recommended that subscribers consider buying shares of New York Times-A on January 10th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $23.86. Since that recommendation, shares of New York Times-A have risen 44.6%. We continue to monitor New York Times-A for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest forward p/e ratio new york times-a news corp-cl b news corp-cl a scholastic corp new media invest

Ticker(s): NYT NWS NWSA SCHL NEWM